Beware of the 'BEVI' bubble in Asia
Drawing parallels with the TMT (technology, media and telecoms) bubble of 1999/2000, the BEVI bubble is big and appears to be spreading.
Add BT as a preferred sourceIN certain sectors in Asia, a speculative fervour has taken hold, particularly among retail investors.
I have been seeing froth in the domestic Chinese A-share market since May, which has since spilled over into Greater China and Korean markets. In some sectors, this froth is now turning into an outright bubble in my view, as prices appear to have risen to unsustainably high levels.
There are parallels with the TMT (technology, media and telecoms) bubble of 1999/2000 and I'm calling this one "BEVI".
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